I don't disagree that the US made a huge mistake when it outsourced its production (for all the reasons you mentioned). But the solution is not to rip off the bandaid and view millions of businesses as collateral damage. You'll notice that the Chinese government is great at playing a long game, eg: Taiwan. We need to do the same.
The only way we can get better at long games is to examine what's driving our current weakness in that area. My guess is that it has to do with the dynamics of presidential terms. To get re-elected, you have to achieve something big in the first four years, and anything big will piss off the other half of the country and will make you lose the congressional elections at the end of your second year. So the solution is to either do something big that buys you favors with both political parties (literally nothing comes to mind), or to get it done in the first two years. China, in comparison, has been plotting the takeover of Taiwan for decades, and is very strategically, step by step, moving in that direction. If this was the US, the only option would have been a quick invasion or a start-stop effort every 4-8 years.
The only way we can get better at long games is to examine what's driving our current weakness in that area. My guess is that it has to do with the dynamics of presidential terms. To get re-elected, you have to achieve something big in the first four years, and anything big will piss off the other half of the country and will make you lose the congressional elections at the end of your second year. So the solution is to either do something big that buys you favors with both political parties (literally nothing comes to mind), or to get it done in the first two years. China, in comparison, has been plotting the takeover of Taiwan for decades, and is very strategically, step by step, moving in that direction. If this was the US, the only option would have been a quick invasion or a start-stop effort every 4-8 years.